August 18, 2017 / 12:48 PM / a year ago

Airline investor Woehrl formally indicates interest in Air Berlin

FRANKFURT (Reuters) - INTRO-Verwaltungs GmbH, the group controlled by airline investor Hans Rudolf Woehrl, has formally indicated its interest in taking over Air Berlin AB1.DE, it said in a statement on Friday.

An Air Berlin sign is seen at a Air Berlin storage hall in Berlin, Germany August 15, 2017. REUTERS/Axel Schmidt

“The aim of the offer is to preserve Air Berlin as a whole and continue to operate it as an independent airline,” INTRO said, adding the offer was backed by partners and financial investors, whom it did not name.

Woehrl made a name for himself in Germany’s aviation world when he bought German airline Deutsche BA from British Airways — now part of IAG (ICAG.L) - for 1 euro ($1.17) in 2003.

Reporting by Christoph Steitz; Editing by Maria Sheahan

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